Deals & Client Wins Maples Delivers the First Cayman Islands DIP Finance Scheme of Arrangement
09 Nov 2018
The injection of finance meant that an imminent fire sale of the underlying collateral (a Marshall Islands flagged drill ship) was avoided and creditors have been given the chance of achieving a better return in the future. This is one of the first times a scheme has been used to provide DIP rescue finance and may signal the start of a new trend in light of the Noble decision from the English High Court which followed hot on the heels of Schahin.
The Cayman Islands team was led by partner Caroline Moran and of counsel Nick Herrod, with associates Christian La-Roda Thomas and Ryan Hallett.
The US team was led by partner Tim Graulich and associates Stephen Piraino and Natasha Tsiouris of Davis Polk & Wardwell LLP.
Maples Group has been selected to provide Cayman Islands legal advice and trustee, management company, fund administration and directorship services to Indo-Japan Fund.Read more
28 Jun 2019
Our Asset Finance, Banking and Corporate teams have been awarded three Finance Dublin Deals of the Year.Read more
31 May 2019
The Maples Group has announced the appointment of Edwin Parker as Director of Business Development for the fund services business in Europe.Read more
16 May 2019
Mr. Gerhard H. A. Wallbank and Mr. Adrian Jack were appointed as High Court Judges of the Eastern Caribbean Supreme Court Commercial Division in the British Virgin Islands.Read more
10 May 2019
The Maples Group's global Asset Finance team has been recognised at the 2019 Airfinance Journal Awards for its involvement in four award-winning Deals of the Year.
03 May 2019
The Maples Group has continued its recent wave of expansion with the appointment of two highly experienced professionals to its global team. Benoit (Ben) Sansoucy and Colin Nestor will both serve as independent directors, based in the Cayman Islands, providing specialist fiduciary services to a broad range of alternative investment vehicles.Read more
10 Apr 2019